Declined Halifax Credit Card ...

jakesuk

AndyBSG wrote: »

- Any Payday loans in the last 6 years

What difference does that make?

If anything payday loans which are settled may help the OP gain access to credit. Potential lenders can't see who any other unsettled or settled loans/credit cards/bank accounts are with. Perhaps they could hazard a guess given the fact a payday loan may be relatively small but I would be inclined to say payday loans will help an individual's credit history provided the loan agreements are adhered to.

AndyBSG wrote: »

- Any failed credit checks

Potential lenders can't see which credit checks were successful and which were not.

YorkshireBoy

jakesuk wrote: »

...I would be inclined to say payday loans will help an individual's credit history provided the loan agreements are adhered to.

You'd be in a very small minority then!


I forget how they're displayed on a credit file, but it's very obvious what they are to anyone searching your file.


EDIT: From an MSE article...

All three credit reference agencies differentiate between payday loans and high street ones on your credit report. They’re in a different section, so underwriters (who make lending decisions) can tell how much and how often you have used payday loans.

Payday loans can stop you getting a mortgage
A few mortgage lenders, including GE Home Lending and Kensington Mortgages, have publicly said applicants who have used payday loans won't be accepted for a mortgage with them - even if they were fully repaid on time.
Yet even those who haven’t spoken up are likely to behave in a similar way. One of the UK’s top technical experts on mortgages, Ray Boulger from broker John Charcol, says:

"Most lenders will run a mile if an applicant has had even one payday loan in the last year."

This is because the presence of a payday loan on the credit record of a mortgage applicant implies there's some underlying problem with their budgeting and money management. That throws serious doubt on their ability to consistently meet a monthly mortgage payment.


http://www.moneysavingexpert.com/loans/payday-loans#needtoknow

sistafromanothermista

jakesuk wrote: »

What difference does that make?

If anything payday loans which are settled may help the OP gain access to credit. Potential lenders can't see who any other unsettled or settled loans/credit cards/bank accounts are with. Perhaps they could hazard a guess given the fact a payday loan may be relatively small but I would be inclined to say payday loans will help an individual's credit history provided the loan agreements are adhered to.



Potential lenders can't see which credit checks were successful and which were not.

Any sniff of a PDL on your file can be detrimental to your chance of obtaining credit.
It's been all over the news in the past week or so....

jakesuk

YorkshireBoy wrote: »

You'd be in a very small minority then!

I stand corrected.

IainHL

slhqoue wrote: »

I am registered to vote, at my old address, and on moving immediately updated the electoral role to tell them about my change of address. I have been living at the current address for around 10 months.

slhqoue wrote: »

Yes. I was on it at my previous address, but I've registered for my new address. However, apparently this won't appear until February 2014 when the list is updated ...

This is what I don't understand. You moved January 2013, immediately informed both old and new councils (if different) so they could update their rolsl, but it's not going to show until February 2014? I thought all councils did multiple mid-term updates to their rolls, and these were fed to the CRAs, who updated at least quarterly?

Tiddlywinks

monsur wrote: »

This seems to be accepted by them as their process is difficult

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